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Rockland Trust Provides Multi-Million Dollar Credit Facility to Global Technology Systems, Inc.

September 27, 2017, 07:56 AM
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Rockland Trust announced it has closed a multi-million dollar asset-based credit facility with Global Technology Systems, Inc. (GTS). GTS is an experienced provider of engineering reliable, long-lasting batteries and chargers. 

“Rockland Trust is excited to begin a relationship with Larry Murray and his team at GTS,” said Mike Pandolfi, First Vice President in the Asset Based Lending group at Rockland Trust. “The loan will be used to refinance existing debt and provide the company with increased liquidity. This facility will help support growth from the new product and service initiatives including the recent introduction of GTS’s Managed Services program.” said Pandolfi. 

The Asset Based Lending team at Rockland Trust has extensive experience helping companies in a variety of industries achieve their financing objectives with flexible and competitive terms tailored to meet the specific needs of a customer’s business.

“GTS has embarked on historic growth through its various Managed Services offerings which include Test & Replace™, Battery Color Coding™, and BaaS (Batteries as a Service).  We believe these collective offerings are unique in the mobile power market,” Lou Marchany, CFO of Global Technology Systems, Inc. said. “Customers are enthusiastic – a top 10 retailer has signed up for our complete suite of services!  In order to further meet this greater potential required a unique financing relationship.  The Rockland ABL team won us over through their creativity, nimbleness, appreciation and understanding of our business and strategies. With their experience and accessibility, we look forward to a great long-term, supportive and prosperous relationship.” said Marchany.

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